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Goodbye Bitcoin Cash, welcome Bitcoin ABC and Bitcoin SV

A hard fork has taken place on the Bitcoin Cash network, resulting in the creation of two separate coins: Bitcoin ABC and Bitcoin SV. 

The timeline

  • The hard fork was activated on block #556,766 that was mined by SVPool and became the last block for Bitcoin Cash.
  • The first Bitcoin ABC block was added by Bitcoin.com pool, and a bit later Mempool mined the first  Bitcoin SV, confirming the fork.

Right before the fork Roger Ver said that he had increased hash rate to mine Bitcoin ABC.

"The http://Bitcoin.com  pool now has more hash rate on it than the entire BCH network had earlier today," he wrote on Twitter.

  • Bitfinex and Poloniex credited users' accounts with  BAB и BSV, while Bitcoin Cash trading was stopped.

 Poloniex announcement:

"We’ve finished converting all BCH balances to BCHABC and BCHSV. The BCH market is now disabled. BCHABC/BTC, BCHSV/BTC, BCHABC/USDC, and BCHSV/USDC markets are open. Deposits and withdrawals of BCHABC and BCHSV are still paused, and will remain paused until the networks stabilize."

  • Bitcoin Cash is also unavailable on Bitfinex. It was replaced by two new trading pairs with  BAB and BSV
  • Currently, Bitcoin ABC hash rate is significantly higher than the one of Bitcoin SV. However, the big chunk of it is consolidated by Roger Ver's Bitcoin.com pool.

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

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